Travel giant TUI 'to raise €1bn to ride out slump'      

TUI had said in August it was considering raising new equity from shareholders or selling off parts of the business to reduce debt taken on to survive the coronavirus pandemic. File Picture/PA

Travel giant TUI is planning a share sale to raise up to €1bn, as the world's largest holiday company looks to ride out the coronavirus-linked travel slump, people close to the matter said.

No decisions have been taken and a number of options are still on the table, the people said, adding a possible equity injection by a German government rescue fund was being discussed.